[REVISION HISTORY]

Lokomotiv Plovdiv financial crisis and fan fundraising

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-10-16 09:26 UTC → 2026-10-21 06:16 UTC · added ~~removed~~

Following an announcement by owner Hristo Krusharski that he would cease funding, the Bulgarian football club Lokomotiv Plovdiv launched a donation campaign to address a critical financial crisis. The club established two separate bank accounts to ensure transparency: one for the senior men’s first team to cover operational costs and salaries, and another for the youth academy to support player development. By mid-October, the fan association ‘The Magic of Plovdiv’ reported that supporters had raised 35,000 euros in less than 48 hours. These funds were utilized to clear outstanding debts to the police, the electricity provider (EVN), and the water utility (ViK), as well as to cover youth academy coaches' salaries for August. ~~The~~ As of late October, the crisis has intensified, with players and staff reportedly going two months without salaries. While the team is scheduled to face Cherno More in the Bethub Pro Cup quarter-finals in Varna, they are traveling under significant financial constraints. Reports indicate that majority shareholder Hristo Krusharski has redirected funds toward Rilski Sportist, and no new foreign investors have emerged to resolve the club's debts. In response, fans continue their fundraising ~~initiative remains ongoing~~ efforts by selling virtual tickets and donation vouchers to ~~address further accumulated problems.~~ support the team.

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